Automotive Turbocharger Market Segmentation:
Vehicle Type Segment Analysis
Automotive turbocharger market share from the passenger cars segment is expected to cross 70% by 2034. In passenger cars, turbochargers are frequently utilized to improve engine performance and fuel economy. A lot of automakers equip their cars with turbocharging technology to increase power output without sacrificing fuel efficiency. It is anticipated that the number of people who drive passenger cars worldwide will almost quadruple to two billion by 2040.
Fuel Type Segment Analysis
The gasoline geometry turbocharger segment in the automotive turbocharger market is set to reach 83% revenue share by 2034. Because they increase engine efficiency and power production, turbochargers are essential for improving the performance of gasoline-powered cars. Variable geometry (VG) solutions will be essential for many future petrol applications as European emission standards continue to push the limit. Fuel efficiency can be greatly increased by continually adjusting the turbine operating point throughout all engine operating points with a VG system.
Moreover, MHI has created technologies like twin scroll and dual entry turbines for gasoline-powered cars that drastically minimize turbo lag. By striking a balance between performance and environmental impact, turbochargers play a crucial role in assisting petrol engines in meeting increasingly strict emission laws. The market is characterized by a highly competitive environment, with major competitors consistently funding research and development to bring forth advances in turbocharging specifically designed for gasoline-powered cars.
Our in-depth analysis of the global automotive turbocharger market includes the following segments:
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